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Peridot, one choice for August birthstone jewelry, is a yellow-green gemstone believed to instill the wearer with power and influence. Ancient Egyptians called peridot the ‘gem of the sun’, because they believed it protected them from evil spirits and ‘terrors of the night’. The Crusaders brought peridot from the Red Sea island of Zabargad to Europe in the Middle Ages. In 2016, spinel was designated as an alternative August birthstone by jewelry trade associations. This gemstone occurs in many colors, but red spinel is the most popular. It is also close to the ruby – the July birthstone – in appearance.